Given the following information:

What is the amount of cash over and short?
A)Debit $84.73.
B)Credit $84.73.
C)Debit $160.94.
D)Credit $160.94.
E)No cash over or short would be recorded.

Question

Given the following information:

What is the amount of cash over and short?
A)Debit $84.73. 
B)Credit $84.73. 
C)Debit $160.94. 
D)Credit $160.94. 
E)No cash over or short would be recorded.

Quizplus · Accepted Answer

The presence of "TB" in the code indicates that this is a cash transaction, and the letters/numbers following "TB" (in this case "6947") represent the cash register used. The final two numbers represent the ending balance in the cash register, with a positive number indicating a surplus and a negative number indicating a shortage. Since the ending balance is "00", there is no surplus or shortage, so the answer is E.

Given the Following Information